Cleveland-Cliffs (CLF) Debt to Equity (2009 - 2026)
Cleveland-Cliffs (CLF) reported Debt to Equity of $1.33 for Q1 2026, up 13.17% year-over-year from $1.18 in Q1 2025, and up 12.44% quarter-over-quarter from $1.19 in Q4 2025.
Cleveland-Cliffs (CLF) Debt to Equity (2009 - 2026) Analysis & Trends
Cleveland-Cliffs (CLF) has 18 years of Debt to Equity data on file, last reported at $1.33 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $1.33, up 13.17% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.33 (up 13.17% YoY), and the FY2025 annual result was $1.19, up 15.27% from the prior year.
- Debt to Equity advanced to $1.33 in Q1 2026 per CLF's latest filing, from $1.19 in the prior quarter.
- Over five years, Debt to Equity peaked at $1.41 in Q3 2025 and troughed at $0.39 in Q4 2023.
- A 5-year average of $0.79 and a median of $0.62 in 2022 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2022 and 2025: Debt to Equity tumbled 63.92% in 2022, then jumped 169.42% in 2025.
- A 5-year view of Debt to Equity shows it stood at $0.53 in 2022, then declined by 26.77% to $0.39 in 2023, then soared by 165.59% to $1.03 in 2024, then rose by 15.27% to $1.19 in 2025, then increased by 12.44% to $1.33 in 2026.
- Business Quant data shows CLF's Debt to Equity at $1.33 in Q1 2026, $1.19 in Q4 2025, and $1.41 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Ternium | 94.27 Bn | 84.31 Bn | 686.87 Mn | - |
| 2 | Nucor | 58.23 Bn | 56.84 Bn | 1.50 Bn | 0.33 |
| 3 | ArcelorMittal | 51.15 Bn | 48.81 Bn | - | - |
| 4 | Steel Dynamics | 38.88 Bn | 38.02 Bn | 763.22 Mn | 0.46 |
| 5 | Reliance | 20.36 Bn | 20.12 Bn | 1.17 Bn | 0.24 |
| 6 | Cleveland-Cliffs | 7.71 Bn | 7.86 Bn | -82.00 Mn | 1.33 |
| 7 | Algoma Steel | 2.77 Bn | 2.77 Bn | -92.32 | - |
| 8 | National Steel | 2.24 Bn | -552.84 Mn | 479.33 Mn | - |
| 9 | Worthington Steel | 2.07 Bn | 2.07 Bn | 76.10 Mn | 0.20 |
| 10 | NWPX Infrastructure | 1.13 Bn | 1.11 Bn | 26.67 Mn | 0.01 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.33 |
| Dec 31, 2025 | 1.19 |
| Sep 30, 2025 | 1.41 |
| Jun 30, 2025 | 1.29 |
| Mar 31, 2025 | 1.18 |
| Dec 31, 2024 | 1.03 |
| Sep 30, 2024 | 0.53 |
| Jun 30, 2024 | 0.48 |
| Mar 31, 2024 | 0.49 |
| Dec 31, 2023 | 0.39 |
| Sep 30, 2023 | 0.42 |
| Jun 30, 2023 | 0.49 |
| Mar 31, 2023 | 0.59 |
| Dec 31, 2022 | 0.53 |
| Sep 30, 2022 | 0.62 |
| Jun 30, 2022 | 0.67 |
| Mar 31, 2022 | 0.76 |
| Dec 31, 2021 | 0.91 |
| Sep 30, 2021 | 1.25 |
| Jun 30, 2021 | 1.52 |